iPhone | iPad
Android
Huawei
Judges for the AI awards not only recognise excellence and innovation, but also assess performance and monitor progress in artificial intelligence computing and responses
KT APPDOWNLOAD
Sensex rallies over 600 points to hit record high, Nifty tops 15,100
People walk past the Bombay Stock Exchange (BSE) building in Mumbai. — AP file
Mumbai - Bourses in Shanghai, Hong Kong, Seoul and Tokyo were trading with significant gains.
India’s Equity benchmark Sensex rallied over 600 points to scale fresh lifetime high in early trade on Monday tracking strong gains in index majors ICICI Bank, HDFC Bank and M&M amid a positive trend in global markets. The 30-share BSE index was trading 668.36 points or 1.32 per cent higher at its record intra-day peak of 51,399.99.
Similarly, the broader NSE Nifty surged 192.55 points or 1.29 per cent to its lifetime high of 15,116.80.
Mahindra and Mahindra (M&M) was the top gainer in the Sensex pack, soaring around 10 per cent, followed by Axis Bank, ICICI Bank, IndusInd Bank, SBI and Bajaj Finance.
On the other hand, NTPC and Bajaj Auto were the laggards.
In the previous session, Sensex ended 117.34 points or 0.23 per cent higher at its fresh closing record of 50,731.63, and Nifty closed at its all-time high of 14,924.25, up 28.60 points or 0.19 per cent.
Foreign portfolio investors (FPIs) were net buyers in the capital market as they purchased shares worth Rs14.617 billion on Friday, as per exchange data.
According to Binod Modi, head-Strategy at Reliance Securities, domestic equities continue to look good at the moment.
“High CAPEX and bold reforms announced in the Union Budget emboldened investors. It indicates that recent uptick in high-frequency key economic data and rebound in corporate earnings is likely to sustain in subsequent quarters.
“Additionally, RBI supporting the pro-growth strategy of government by maintaining liquidity at required levels and balancing bond yields bodes well,” he said,
Elsewhere in Asia, bourses in Shanghai, Hong Kong, Seoul and Tokyo were trading with significant gains.
Meanwhile, the global oil benchmark Brent crude was trading 0.55 per cent higher at $59.89 per barrel.
More news from
A plea moved in court stated that no one is permitted to wear the official state institution outfit
Bayer Leverkusen boss Xabi Alonso had been the favourite to succeed Klopp but has now committed himself to the German club after leading them to a first-ever Bundesliga title
Sheikh Hamdan joined the kids as they browsed through some photos that captured how they used broomsticks and helped their community
The family's furniture, household appliances as well as the books and stationery of the children were destroyed in the April 16 floods
The 22-time Grand Slam champion and his wife Maria Francisca Perello welcomed their first child together in October 2022
In line with this year’s theme BNI UAE’s Expo has renowned speakers who will share experiences igniting breakthrough journeys through networking
The Hyderabad-based franchise achieved the coveted century landmark n just their eighth match of the season
